Ripple News Today – XRP Price Facing Price Recovery, $0.17 Looming – March 18th, 2020

Ripple XRP Price Prediction
  • Ripple XRP Price Currently Testing Major Resistance
  • Further Price Decline Looming

XRP Prediction 2020 – XRP commenced a moderate price recovery from the $0.1280 support level against the U.S dollar. XRP price might exceed the $0.1500 resistance level and trade towards the $0.1700 resistance level. XRP Price Prediction 2020 – XRP Price is displaying a few bullish signs above the $0.1400 level against the U.S dollar. XRP price is currently testing a key resistance level close to the $0.1500 level. There is a short-term breakout pattern establishing with resistance close to $0.1500 on the hourly chart of the XRP/USD pair. The token could either continue higher towards the $0.1700 resistance level or decline back to $0.1300.

XRP Price Currently Testing Major Resistance

XRP Price Prediction 2020 – XRP Price surged above the $0.1500 resistance level and the 100 hourly simple moving averages. The token traded as high as $0.1546 and recently corrected lower. There was a break beneath the 23.6% Fib retracement level of the upward move from the $0.1281 low to $0.1546 high.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.00-0.80%

XRP Prediction 2020 – The recent price decline was brief as the price found support close to the $0.1450 level. There is a short-term breakout pattern establishing with resistance close to $0.1500 on the hourly chart of the XRP/USD pair. If there is an upside break above the $0.1500 resistance level, the price might surge further. XRP Price Prediction 2020 -The next resistance is close to the $0.1550 level, above which the XRP bulls might aim a test of the $0.1650 and $0.1700 resistance levels in the near term. Any additional gains could drive the price towards the $0.2000 hurdles.

Further Price Decline Looming

XRP Price Prediction 2020 – If XRP fails to extend its price surge above the $0.1500 resistance level, it could decline beneath the triangle support level. Early support is close to the $0.1450 level, beneath which the price might test the $0.1400 level. XRP Prediction 2020 – early support is close to the 50% Fib retracement level of the upward move from the $0.1281 low to $0.1400 high. A breakout beneath the $0.1400 support level could pave the way for a bigger price decline.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

The next key support is close to the $0.1300 and $0.1280 levels, where the XRP bulls might take control. The MACD for the XRP/USD pair is gradually gaining momentum in the bullish zone. While the RSI for the XRP/USD pair is currently surging and it is well above the 50 levels. The key resistance levels are $0.1500, $0.1550 and $0.1650, while the key support levels are $0.1450, $0.1400 and $0.1320. Traders are being extra careful with their moves as they wait to see what the price action will be in the next few days.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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